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A better resourced arm's length regulator with a strong economic focus

This would bring more than £200bn in additional value to the UK economy.

However, the economic benefits could be even greater if the recommendations were fully embraced, he said.

Sir Ian added: "I believe it is now time for a step change in North Sea stewardship and collaboration. We need to be prepared for the challenges of this next phase in the UKCS' life.

"A better resourced arm's length regulator with a strong economic focus, capable of attracting top quality personnel with appropriate industry experience, will be able to work more closely with the industry and facilitate the development and progress we need.

"This will require fundamental changes in operator behaviour but, as my interviews confirmed, they are clearly up for it".
publié le lundi 24 février à 05:28

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